- 29 Jun 2022 05:45 PM
- New
Compliance steps won’t hurt genuine businesses: Vivek Johri
NEW DELHI : Upcoming measures to improve GST compliance will be balanced, and will not cause any hardship to genuine businesses, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.
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- 29 Jun 2022 05:50 PM
- New
The road ahead for GST as it completes 5 years
Source: https://www.livemint.com/economy/road-ahead-for-gst-as-reform-completes-5-yrs-11656356739083.html
The Goods and Services Tax (GST) Council meets for two days from Tuesday as the landmark indirect tax reform completes five years. The meeting is crucial, coming at a time central and state governments are facing stiff fiscal challenges. Mint examines what the Council is upto:
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- 29 Jun 2022 05:55 PM
- New
Mint Mid Day Digest: GST Council meet, Paytm share price surges and more
Shares of food delivery firm Zomato plunged more than 7% to ₹61 apiece on the BSE in Tuesday's early deals, heading for its second straight session of losses after announcing a deal to buy local grocery-delivery startup Blinkit. The stock has plunged about 14% in the last two trading sessions. Read more
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- 29 Jun 2022 06:00 PM
GST Council meet today: From tax on online casinos to decision on taxing crypto. What's on agenda?
The 47th Goods and Services Tax (GST) council meeting 2022 is scheduled for today, 28 June and 29 June in Chandigarh. During the two-day meeting starting today, the council is slated to discuss an array of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers.
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- 29 Jun 2022 06:04 PM
GST council likely to consider e-way bill mandatory for gold, precious stones
The GST Council is likely to consider making an e-way bill mandatory for intra-state movement of gold or precious stones worth ₹2 lakh and above and also e-invoicing mandatory for certain B2B transactions, news agency PTI reported.
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- 29 Jun 2022 06:07 PM
GST Council meeting underway, to mull several key recommendations
Chandigarh: The Goods and Services Tax (GST) Council began its 47th meeting here today with a packed schedule to decide on several key recommendations by ministerial committees that are aimed at making the tax system more efficient.
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- 29 Jun 2022 06:13 PM
GST Council clears proposal to remove tax exemptions on few items: Key updates
Many important decisions are expected to be taken at the 47th meeting of GST Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts. The Council is also set to discuss compensation payout to states with opposition-ruled states aggressively pushing for its continuation beyond the five-year period which ends in June. GST was introduced from July 1, 2017, and states were assured of compensation for the revenue loss, till June 2022, arising on account of GST roll out.
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- 29 Jun 2022 06:20 PM
Extend GST compensation to states by 5 years or raise share: Chhattisgarh to FM
Bengaluru: Chhattisgarh commercial taxes minister T S Singh Deo on Tuesday urged the union finance minister Nirmala Sitharaman to extend the goods and services (GST) tax compensation for the states beyond 30 June in view of revenue challenges faced by mining and manufacturing states under the GST regime. He said, in case it is not extended, the GST sharing formula between states and the Centre should change from 50:50 to 70:30 in favour of states.
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- 29 Jun 2022 06:25 PM
Industry bodies voice concerns about highest tax slab on online skill gaming
NEW DELHI: The online gaming industry in India has voiced concerns regarding the impending revision of goods and service tax (GST) rates for the sector. Speaking on the matter, industry bodies E-Gaming Federation (EGF), All India Gaming Federation (AIGF) and Federation of Indian Fantasy Sports (FIFS) said levying a 28% GST rate could “annihilate" the sector.
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- 29 Jun 2022 06:30 PM
From rate rationalisation to tax evasion: 5 updates from GST Council meeting today
The 47th GST Council meeting on Tuesday approved a host of compliance procedures for GST-registered businesses along with the group of ministers (GoM) report on high-risk tax payers to check evasion.
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